Can India eradicate poverty?

yea poverty can be removed if population is controlled

yes but it wil take a long long long ..........time main problems being population and leadership of the worst level possible(good leaders r opposed or killed) and corruption.

Originally posted by: Pensacola.S_02

Will India's economic boom help the poor? 😊

India is an economic miracle. With growth rates of nearly 10% a year the country is becoming richer than ever before. But while the burgeoning middle class has more money to spend, most Indians still live in desperate poverty.😭

UN statistics show that 700 million Indians live on less that $2 a day and a fifth of children don't go to school. Although some of these people are benefiting from the boom, income gaps are widening fast. And with a rapidly growing population, the economy has to keep growing for society to simply stand still. 😊

Can everyone benefit from India's boom? Does the government have the right policies to tackle poverty? Is Indian society concerned with the poor? What are your experiences?😳

Good Topic!!!

Will come back later with suitable answers!!

Originally posted by: egghatcher

its next to impossible....

without the poor remaining poor and thus relatively disabled to voice their honest views the rich in India wont become richer .. ......and as for the UN stats they suck big time due to misreporting by the NGO census takers that report back duplicates to this venerable but soon to be defunct (mis) oraganisation

true

Originally posted by: Pensacola.S_02

Will India's economic boom help the poor? 😊

India is an economic miracle. With growth rates of nearly 10% a year the country is becoming richer than ever before. But while the burgeoning middle class has more money to spend, most Indians still live in desperate poverty.😭

UN statistics show that 700 million Indians live on less that $2 a day and a fifth of children don't go to school. Although some of these people are benefiting from the boom, income gaps are widening fast. And with a rapidly growing population, the economy has to keep growing for society to simply stand still. 😊

Can everyone benefit from India's boom? Does the government have the right policies to tackle poverty? Is Indian society concerned with the poor? What are your experiences?😳

i'm optimistic. there's usually a trickle-down effect, with the rising tide lifting all boats. beyond a point, the rich do have to spend on goods and services and that ultimately makes its way down the food chain.

also, i dont want to gloss over the poverty we have but $2 per day isn't exactly what it is in the West. that's over $700 a year and takes you further in purchasing power terms than here.

there'll of course be the usual speed-bumps along the way because nothing goes up in a straight line forever, but the long-term trends do look very promising. at even 8% growth per year, we'd get close to 7 times rising income levels in 25 years, faster than anything we've accomplished before. of course, any changing society does create winners and losers but given that a fast-growing economy is a positive sum game, i'd think the winners would far outnumber the losers.

other than the few usual suspect states (such as UP), i also find govt policies fairly progressive. the mentality amongst polticians and everyone alike seems to be that good economics is good politics. the politicians might be crooks but they're at least trying to also let the strong market forces do their work, as opposed to earlier when they'd skim money and put up obstacles for the next guy in. people also by and large have gotten off the strike and labor strife track.

so net, i am fairly optimistic.

Originally posted by: chatbuster

i'm optimistic. there's usually a trickle-down effect, with the rising tide lifting all boats. beyond a point, the rich do have to spend on goods and services and that ultimately makes its way down the food chain.

also, i dont want to gloss over the poverty we have but $2 per day isn't exactly what it is in the West. that's over $700 a year and takes you further in purchasing power terms than here.

there'll of course be the usual speed-bumps along the way because nothing goes up in a straight line forever, but the long-term trends do look very promising. at even 8% growth per year, we'd get close to 7 times rising income levels in 25 years, faster than anything we've accomplished before. of course, any changing society does create winners and losers but given that a fast-growing economy is a positive sum game, i'd think the winners would far outnumber the losers.

other than the few usual suspect states (such as UP), i also find govt policies fairly progressive. the mentality amongst polticians and everyone alike seems to be that good economics is good politics. the politicians might be crooks but they're at least trying to also let the strong market forces do their work, as opposed to earlier when they'd skim money and put up obstacles for the next guy in. people also by and large have gotten off the strike and labor strife track.

so net, i am fairly optimistic.

Great post Rahul 👏 Very substantial, logical and positive 👍🏼 I could not have expressed it better than this 😊

Originally posted by: jayc1234

Great post Rahul 👏 Very substantial, logical and positive 👍🏼 I could not have expressed it better than this 😊

thanks Jaya.

actually what i feel most optimistic about is that for the first time ever we are seeing upward mobility in Indian society. you dont necessarily have to be born rich to be able to make it big or at least do fairly well, though it helps there as everywhere else.

as long as rich get richer and poor get poorer, i am and will stay pessimistic.

so now middle class college kids can go out and have a barista, fine! we are still talking about a country where most are not even middle class..

i can only spell the word ecomonics 😉 😉 who am i to say anything more than heartfelt?

Originally posted by: egghatcher

with respect to the two elders here i find this to be yet another lofty gandhian dream .. if one smells the coffee it reads ......... one must have the poor hapless denizens to afford the price line to be way under that of the rest of the globe ...... and the trickle down profit is absorbed still by the select few elite of our society .... be it UP or Punjab or what have you state....... this the politicians have definitely gleaned very well in their if you cant beat them you should join them game ..... therefore it behoves these elites of our country to keep under thumb the masses and proliferate ... this is exactly what happened in poor african countries where select few Indians went and amassed a huge fortune , then siphoned it off to some off shore cayman or swiss account ..... now they realised it after some of them were butchered nay hacked to death by the frustrated poor... If the elite of India wants this to happen ....well .... the Bhais are more than willing to accept such a supari ... and reap their blood bonanza .. its not about high falutin economics its about plain and simple avarice

amen

i think on economic terms, you are talking about income disparities leading to social unrest and revolution, if i get that right. well, income disparities are as great if not greater in the west than in india. pick up some of the hedge fund magazines here and you'll find articles on how some guys are making $400mm a year, while the average joe makes 30K a year. that's over 13,000 times. how much does a top-company CEO in India earn? 4-5 crores a year? now even if you compare that CEO with someone who is even lower-rung than average and just makes Rs 1000 a month, the disparity is approx 4100 times. so the numbers tell a different story.

yes, there'll be always losers and winners in any societal change. but increasingly it is the case in india that hard work and education pays off. lets not just look at the politicians and the crooks who make it through other means, but the opportunity that all of us have to make it through legitimate means, an opportunity that was missing earlier.

it's also the case that a 10% growth rate does not mean everyone is growing at that rate. that's an average. some families might even have negative growth. but it is my contention that we would have more of those negatives if the overall average was 3% or so which was the case for most of the screwed up Nehru-Gandhi era.

as for UP/ Punjab, let's not make this a regional hate-spill. the politics in UP as in Bihar is messed up and that has hurt economic growth there. Punjab has been fairly progressive, always has been. but the state which takes the cake in the north is Haryana, with Uttaranchal and Punjab coming in second.

it is also remarkable that we've been able to turn a corner on economic growth while managing to maintain our democratic traditions and building a fairly vibrant multi-cultural society.

in any case, would love to hear specifics. having an entire laundry-list of social and economic ills presented without specific solutions and without taking into account constraints on resources is not very helpful. it comes down to setting priorities that are achievable, not just presenting a whiny list of problems.